Common use of Reportable Compensation Clause in Contracts

Reportable Compensation. ESBOCES is responsible for reporting compensation to the NYS Comptroller for individuals who are, or ever have been, members of any NYS/NYC Retirement System. In order to determine whether earnings pursuant to this contract are reportable, all Contractors and each individual providing services pursuant to this contract must complete the NYS/NYC Retirement System Status Form annexed to and incorporated into this contract. The Contractor is an independent contractor retained only for the purpose and to the extent set forth in this contract. The Contractor shall not have employee status with ESBOCES and shall not be entitled to participate in its retirement program(s), health insurance benefits, workers’ compensation insurance, unemployment insurance, disability insurance, social security, or other benefits granted to ESBOCES employees. Further, Contractor, by virtue of his/her/its independent contractor status, shall under no circumstance constitute an employee of ESBOCES for purposes of the Affordable Care Act, shall not be entitled to any subsidy or credit in connection with this engagement, and agrees that if ESBOCES were to be assessed a penalty related to this engagement, Contractor will indemnify ESBOCES for any said penalty or related penalty.

Reportable Compensation. ESBOCES is responsible for reporting compensation to the NYS Comptroller for individuals who are, or ever have been, members of any NYS/NYC Retirement System. In order to determine whether earnings pursuant to this contract are reportable, all Contractors and each individual providing services pursuant to this contract must complete the NYS/NYC Retirement System Status Form annexed to and incorporated into this contract. The Contractor is an independent contractor retained only for the purpose and to the extent set forth in this contract. The Contractor shall not have employee status with ESBOCES and shall not be entitled to participate in its retirement program(s), health insurance benefits, workers’ compensation insurance, unemployment insurance, disability insurance, social security, or other benefits granted to ESBOCES employees. Further, Contractor, by virtue of his/her/its independent contractor status, shall under no circumstance constitute an employee of ESBOCES for purposes of the Affordable Care Act, shall not be entitled to any subsidy or credit in connection with this engagement, and agrees that if ESBOCES were to be assessed a penalty related to this engagement, Contractor will indemnify ESBOCES for any said penalty or related penalty. ESBOCES will report payments made to the Contractor pursuant to this contract in accordance with Federal and State income tax requirements. The Contractor is solely responsible for the payment of Federal and State income taxes, or any other taxes, applicable to payments received under this contract. The Contractor must complete and submit to ESBOCES the Disclosure Form annexed to and incorporated into this contract.